Pensions – the annuity rip off
Pensions, that’s a conversation stopper. How to clear a bar in a split second. However it is one of our biggest investments next to our house and the pitfalls are considerable. I’ll review the impact from the budget but also start with a very important tip that could save you thousands.
Cautious Investor 85% Better Off
Is there really that much difference in performance between investment funds or are they all much of a muchness as I have some investments and pensions and I have no way of knowing whether or not I am getting the best performance for my money or not?
Tax Kills
I read an interesting report which showed that 10 million people in the UK (a third of the working population) are not saving for retirement. That will be an interesting demographic time bomb; you can expect strong measures in terms of employer and employee compulsion into pensions to follow.
SIPP and Pension Advice for the Canny Investor
Managing Director, Worldwide Financial Planning, Writes:
You may remember the government announcing pension simplification in it’s A-Day a couple of years back. The intention was to make pensions and items such as SIPPs (self invested personal pension) as easy as possible and pull everything under one regime. Nice thought.
Should I use lifestyling to manage my pension?
Reader Writes:
I have been advised to change my pension to a plan that allows for lifestyling. I have been told that lifestyling is the best way for my pension to be managed during the last ten or so years before retirement. Is this true?
Find out if a mirrored fund applies to you
Managing Director, Worldwide Financial Planning, Writes:
You may remember an article I did eight months ago regarding mirrored funds. Before you switch off thinking this doesn’t apply to you and sounds complicated, don’t, because it probably does apply, and I will try and make it easier to understand.
Saving for your Children
Reader Writes:
I was looking at methods of saving for the future but don’t have a timeframe in mind. I was thinking of saving for my children who are now five and seven, and also for a lump sum for near my retirement, but don’t want to bother about pensions as I have already taken care of that.
Children’s Savings Plan
Reader Writes:
I was considering a savings plan for my children and wondered what options are available for me. I understand the government have also changed their mind in relation to gifts into trust for children.